Pink diamond sells for almost $58 million in Hong Kong

A uncommon pink diamond has offered in Hong Kong for almost $58 million, setting a file for value per carat paid at public sale for any diamond or gemstone, in keeping with Sotheby’s. The 11.15-carat Williamson Pink Star on Friday fetched HK$453.2 million ($57.7 million), the second-highest value paid at public sale for any jewel, Sotheby’s added.

The successful bid, by an undisclosed purchaser from Boca Raton, Florida, was greater than twice the estimated $21 million sale value.
The stone was the second-largest pink diamond to be offered at public sale. Pink diamonds are the rarest of the valuable gems and probably the most in-demand on the worldwide market.

The world file for a pink diamond was set in 2017, when a stone often called the CTF Pink Star was offered in Hong Kong for $71.2 million. Friday’s sale “not solely attests to the resilient demand for fine quality diamonds in Asia, however a heightened consciousness of the nice shortage of pink diamonds”, stated Wenhao Yu, chairman of jewelry and watches at Sotheby’s Asia.

The Williamson Pink Star was named after two different pink diamonds: the record-setting CTF Pink Star and the Williamson Stone, a 23.6-carat diamond given as a marriage current to Queen Elizabeth II in 1947. Tobias Kormind, managing director of UK jewel retailer 77 Diamonds, stated the “astounding” sale proved high-quality diamonds might nonetheless fetch main costs in a shaky financial system.

“Laborious belongings resembling world-class diamonds have a historical past of performing effectively even in occasions of instability,” he stated.—AFP

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